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Archive Europe: Economy

  • The explosive device used in the Manchester terror attack on Monday was worryingly sophisticated, according to a U.K.-based security expert.

  • LONDON, May 23- Businesses across the euro zone maintained April's blistering growth rate this month as firms struggled to meet growing demand, suggesting the bloc's economic momentum is sustainable at least for now, a survey showed. Data pointing to a broad-based expansion alongside rising price pressures and a record level for Ifo's German business morale...

  • And the good economic news could well add pressure on the European Central Bank to signal a withdrawal of its extraordinary stimulus measures. One of the indicators the ECB looks at when assessing its policy stance is the monthly survey of business activity from financial information company IHS Markit. Chris Williamson, IHS Markit's chief economist, says...

  • Shoppers walk past stores on Stroget in central Copenhagen, Denmark, on Monday, Nov. 19, 2012.

    Businesses across the euro zone maintained April's blistering growth rate this month, a survey showed.

  • BERLIN— A survey shows that business confidence in Germany has risen to its highest level in 26 years. The strong showing was slightly above economists' expectations. The Ifo institute said Tuesday that its monthly confidence index, a closely watched indicator for Europe's biggest the economy, rose to 114.6 points for May from 113.0 in April.

  • BERLIN, May 23- German business morale brightened more than expected in May, hitting its highest level on record since 1991, a survey showed on Tuesday, in a further sign that company executives are more upbeat about the growth outlook of Europe's largest economy. The Munich- based Ifo economic institute said its business climate index, based on a monthly survey...

  • BERLIN, May 23- The German economy picked up steam in the first quarter helped by strong exports, booming construction and higher household and state spending, burnishing Chancellor Angela Merkel's economic credentials as she gears up for national elections. Europe's biggest economy grew 0.6 percent quarter on quarter, up from 0.4 percent in the final three...

  • KEEPING SCORE: In Europe, Germany's DAX was up 0.6 percent at 12,698 while the CAC 40 in France rose 0.8 percent to 5,365. The FTSE 100 index of leading British shares was 0.2 percent higher at 7,509. U.S. stocks were poised for solid gains with Dow futures and the broader S&P 500 futures up 0.2 percent. MANCHESTER BLAST: A suicide bomber blew himself up as young...

  • NEW YORK, May 23- London- based startup TransferWise has launched a new service in the UK and Europe that will make it easier for small businesses to keep money and get paid in more than 15 currencies, as the company branches beyond its core money transfer business. Similar to having a bank account in multiple countries, the new service will allow small businesses to...

  • *OPEC- led oil production cut seen being extended to March 2018. SINGAPORE, May 23- Oil prices were firm on Tuesday on the expectation that an OPEC- led production cut would be extended to next March, but analysts said economic slowdown was clouding the mid-term outlook for crude markets. OPEC and other participating producers are due to meet in Vienna on May 25 to...

  • **NEW YORK- Federal Reserve Bank of Philadelphia President Patrick Harker speaks on the economic outlook before the MNI Connect Roundtable- 2100 GMT. **MINNEAPOLIS- Federal Reserve Bank of Minneapolis President Neel Kashkari holds media Q&A at the Opportunity and Inclusive Growth Institute Conference- 1300 GMT. **MINNEAPOLIS- Federal Reserve Bank of...

  • **NEW YORK- Federal Reserve Bank of Philadelphia President Patrick Harker speaks on the economic outlook before the MNI Connect Roundtable- 2100 GMT. **MINNEAPOLIS- Federal Reserve Bank of Minneapolis President Neel Kashkari holds media Q&A at the Opportunity and Inclusive Growth Institute Conference- 1300 GMT. **MINNEAPOLIS- Federal Reserve Bank of...

  • *Euro zone not ready to disburse new loans to Greece. BRUSSELS, May 22- Euro zone finance ministers failed to agree on debt relief for Greece with the International Monetary Fund on Monday and did not release new loans to Athens, but came close enough in talks to aim for both deals at their next meeting in three weeks. Greece needs new cash from the euro zone to avoid a...

  • Little progress is being made in representing women in senior IT leadership roles, according to a global survey of CIOs.

  • Greek Finance Minister Euclid Tsakalotos attends a eurozone finance ministers meeting in Brussels, Belgium May 22, 2017.

    Euro zone finance ministers, the IMF and the Greek government failed to agree at talks on Monday on a release of further bailout funds for Athens.

  • Romania was the EU's fastest-growing economy in January-March, expanding 5.7 percent from a year earlier likely due to a consumption boom fueled by wage hikes and tax cuts. Romania reported a slight budget surplus at the end of the first quarter, but both the Council and the European Commission expect Romania to overshoot the bloc's deficit ceiling of 3...

  • *Euro zone may agree to new loans for Greece after reforms passed. BRUSSELS, May 22- Euro zone finance ministers may agree on Monday to release new loans to Greece but are likely to struggle to convince the International Monetary Fund to join the bailout by keeping the prospect of debt relief for Athens highly conditional. Greece needs new cash from the euro zone to...

  • A trader works on the floor of the New York Stock Exchange (NYSE).

    Our live blog tracked reaction as U.S. stock markets opened higher for a third session in a row.

  • France has always been against any kind of 'Grexit': EC's Moscovici

    European Commissioner for Economic & Financial Affairs, Taxation and Customs, Pierre Moscovici comments on France's new cabinet, the economy and France's relationship with Greece.

  • Hedge funds poured into top tech names and consumer discretionary picks during the first quarter, according to research from Goldman Sachs.

Contact Europe: Economy

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